Hyundai India profit up 6% in 2017 to Rs 22 bn, growth similar to Maruti's

The car maker's sales revenue in India increased six per cent to 6,346,672 million won

Korean carmaker Hyundai, the second biggest player in the Indian car market, expanded its profit by 6 per cent in the 2017 calendar year (CY) to Rs 22 billion. The profit increase is identical to market leader, Maruti Suzuki, which saw a 5 per cent increase in profit for the year ended March 31, 2018. Hyundai's sales revenue also grew by 6 per cent in 2017.

Hyundai Motor India (HMI), a subsidiary of Hyundai, is not listed in India and its annual financial results are declared to the registrar of companies with a time lag. 

Information available with the parent company shows